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Standard Motor Products Inc (SMP)

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Upturn Advisory Summary
01/06/2026: SMP (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $47
1 Year Target Price $47
| 1 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 2.98% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 841.03M USD | Price to earnings Ratio 12.45 | 1Y Target Price 47 |
Price to earnings Ratio 12.45 | 1Y Target Price 47 | ||
Volume (30-day avg) 2 | Beta 0.75 | 52 Weeks Range 20.82 - 41.79 | Updated Date 01/6/2026 |
52 Weeks Range 20.82 - 41.79 | Updated Date 01/6/2026 | ||
Dividends yield (FY) 3.34% | Basic EPS (TTM) 3.07 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.79% | Operating Margin (TTM) 12.69% |
Management Effectiveness
Return on Assets (TTM) 6.27% | Return on Equity (TTM) 10.39% |
Valuation
Trailing PE 12.45 | Forward PE 8.5 | Enterprise Value 1413746981 | Price to Sales(TTM) 0.48 |
Enterprise Value 1413746981 | Price to Sales(TTM) 0.48 | ||
Enterprise Value to Revenue 0.81 | Enterprise Value to EBITDA 8.41 | Shares Outstanding 21999190 | Shares Floating 20805954 |
Shares Outstanding 21999190 | Shares Floating 20805954 | ||
Percent Insiders 4.93 | Percent Institutions 81.93 |
Upturn AI SWOT
Standard Motor Products Inc

Company Overview
History and Background
Standard Motor Products, Inc. (SMP) was founded in 1919 by Elias Spector. It began as a small manufacturer of ignition coils and developed into a leading global manufacturer and distributor of replacement parts for the automotive aftermarket. Key milestones include its IPO in 1977, expansion into various product categories, and strategic acquisitions that have broadened its product portfolio and market reach.
Core Business Areas
- Segment Name 1: Engine Management (EM): This segment designs, manufactures, and distributes a broad range of engine management related parts, including ignition components, emissions control products, fuel system components, sensors, and electronic control modules. It serves both the professional installer and the do-it-yourself (DIY) markets.
- Segment Name 2: Temperature Control (TC): This segment designs, manufactures, and distributes a variety of temperature control products, such as air conditioning (AC) compressors, condensers, evaporators, expansion valves, and other related components. It also includes heating components.
- Segment Name 3: Hygrade/Export: This segment includes a range of miscellaneous automotive replacement parts and accessories sold primarily through catalog houses and export sales, often under private labels.
Leadership and Structure
Standard Motor Products, Inc. operates with a corporate leadership team overseeing its various divisions and product lines. The company is structured around its core business segments (Engine Management, Temperature Control) to manage its extensive product development, manufacturing, and distribution operations. Key leadership roles typically include a Chairman, Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Presidents for its business units.
Top Products and Market Share
Key Offerings
- Product Name 1: Ignition Components (e.g., ignition coils, spark plug wires, distributors): SMP is a major player in the ignition components market. It offers a wide array of these products for various vehicle makes and models. Competitors include BorgWarner, Denso, and Bosch.
- Product Name 2: Sensors (e.g., oxygen sensors, mass airflow sensors, ABS speed sensors): The company provides a comprehensive line of automotive sensors crucial for modern vehicle performance and emissions control. Key competitors include Delphi Technologies, Bosch, and Denso.
- Product Name 3: AC Compressors and Components: In the temperature control segment, SMP is a significant supplier of AC compressors and related parts. Competitors include Denso, Four Seasons, and UAC.
Market Dynamics
Industry Overview
The automotive aftermarket industry is mature but benefits from the increasing age of the vehicle parc (number of vehicles on the road) and the complexity of modern vehicles, which often require specialized replacement parts. Demand is driven by repair and maintenance needs, with a growing emphasis on quality, availability, and technological advancements in parts.
Positioning
Standard Motor Products, Inc. is a well-established and reputable supplier in the automotive aftermarket, particularly strong in engine management and temperature control components. Its competitive advantages lie in its broad product catalog, extensive distribution network, commitment to quality, and ability to adapt to evolving vehicle technologies.
Total Addressable Market (TAM)
The global automotive aftermarket is a multi-billion dollar market, with the US representing a significant portion. Estimates vary, but the US aftermarket is projected to be worth over $300 billion. Standard Motor Products Inc. is positioned as a key supplier within this market, focusing on its core product categories where it holds substantial market share and brand recognition.
Upturn SWOT Analysis
Strengths
- Extensive product catalog across multiple categories.
- Strong brand recognition and reputation for quality.
- Well-established distribution network and customer relationships.
- Focus on essential replacement parts with consistent demand.
- Expertise in complex engine management and temperature control systems.
Weaknesses
- Reliance on the aftermarket, which can be cyclical.
- Competition from both OES (Original Equipment Supplier) brands and other aftermarket manufacturers.
- Potential for price pressure from large retailers and distributors.
- Vulnerability to supply chain disruptions.
Opportunities
- Growing complexity of vehicle electronics driving demand for specialized parts.
- Expansion into new product lines and emerging vehicle technologies (e.g., hybrid/EV components).
- Increased adoption of e-commerce channels for distribution.
- Consolidation within the aftermarket could present acquisition opportunities.
- Global market expansion beyond North America.
Threats
- Economic downturns impacting consumer spending on vehicle maintenance.
- Increasing adoption of electric vehicles (EVs) potentially reducing demand for traditional internal combustion engine parts.
- Intensifying competition from lower-cost manufacturers.
- Regulatory changes affecting emissions and vehicle components.
- Technological obsolescence of certain product lines.
Competitors and Market Share
Key Competitors
- Dorman Products (DORM)
- BorgWarner Inc. (BWA)
- Federal-Mogul Motorparts (now part of DRiV Incorporated, a subsidiary of Tenneco Inc.)
Competitive Landscape
SMP competes by offering a broad range of high-quality parts, maintaining strong relationships with distributors, and adapting to technological changes. Its advantage lies in its established brand and comprehensive catalog. However, it faces pressure from specialized competitors and the ongoing shift towards EV technology.
Major Acquisitions
Exo-Shield
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Acquisition of a leading brand in the thermal management solutions space, expanding SMP's product offering in the growing electric vehicle (EV) market.
Motive Power
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Acquisition of a manufacturer and distributor of electric powertrain components for commercial vehicles and material handling equipment, further solidifying SMP's presence in the EV market.
Growth Trajectory and Initiatives
Historical Growth: SMP has demonstrated consistent revenue growth over the years, fueled by organic expansion and strategic acquisitions. Its growth is tied to the automotive aftermarket's natural expansion due to vehicle age and complexity. Example: 5-Year Average Revenue CAGR: [4%].
Future Projections: Analyst projections typically forecast modest but steady growth, driven by continued demand for replacement parts and potential gains from new product introductions and market penetration. Example: Next Fiscal Year Revenue Growth Projection: [3-5%].
Recent Initiatives: SMP has focused on operational efficiency, expanding its product lines, and leveraging digital channels to reach a wider customer base. This includes investments in technology for product development and supply chain management.
Summary
Standard Motor Products Inc. is a well-established player in the automotive aftermarket, demonstrating consistent performance driven by its broad product portfolio and strong distribution. The company excels in engine management and temperature control components, but must strategically navigate the transition to electric vehicles. Continued focus on innovation, operational efficiency, and expanding its EV-related offerings will be crucial for sustained growth and market leadership.
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Sources and Disclaimers
Data Sources:
- Standard Motor Products, Inc. Investor Relations
- Company SEC Filings (10-K, 10-Q)
- Industry Market Research Reports
- Financial News and Analysis Websites
Disclaimers:
This JSON output is generated for informational purposes only and does not constitute financial advice. Data points are based on publicly available information and may be estimates. Actual market share and financial performance can vary. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Standard Motor Products Inc
Exchange NYSE | Headquaters Long Island City, NY, United States | ||
IPO Launch date 1987-12-30 | CEO, President & Chairman Mr. Eric Philip Sills | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 5600 | Website https://www.smpcorp.com |
Full time employees 5600 | Website https://www.smpcorp.com | ||
Standard Motor Products, Inc. manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through four segments: Vehicle Control, Temperature Control, Nissens Automotive, and Engineered Solutions. It provides ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components. The company also offers electrical switches and actuators; anti-lock brake and vehicle speed sensors, fluid level sensors, and pressure sensors comprising tire pressure monitoring, temperature sensors, advanced driver assistance systems sensors, battery cables, pigtails, and sockets; electrical wire, terminals, connectors, and tools for servicing a vehicle's electrical system; and spark plug, coil on plug boots, and ignition system accessories. In addition, it offers compressors, air conditioning repair kits, connecting lines, heat exchangers, and expansion devices; other thermal components; electric water pumps, condensers, electronics, turbochargers and intercoolers, and related components, as well as radiators and oil coolers, tanks, and fan clutches; and blowers, evaporators, expansion valves, and heaters. Further, it provides thermal management products, sensors, switches, power distribution, electrification and electronics, injections, and clamping devices for commercial and light vehicles, construction, agriculture, power sports, marine, hydraulics, and lawn and garden sectors. It serves retailers, warehouse distributors, original equipment manufacturers and their suppliers, system integrators, and original equipment service part manufacturers. The company was founded in 1919 and is headquartered in Long Island City, New York.

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